Region of Peel Releases 2018 Financial Condition Scorecard

BRAMPTON, ON. (April 26, 2018) – The Region of Peel has released their 2018 Financial Condition Scorecard, confirming that the Region is financially healthy. The scorecard is based on the Region’s Long Term Financial Planning Strategy, which is used to identify and manage risks to long-term financial sustainability and inform decision-making about how tax dollars are spent.

“Financial transparency is critical. I am pleased to release the Region’s 2018 Financial Condition Scorecard, confirming that the Region is financially healthy today,” said Stephen VanOfwegen, Commissioner of Finance and Chief Financial Officer. “I look forward to keeping our residents informed on our progress to create a healthy, safe and connected community in Peel through strong financial stewardship, innovation and reporting.”

Some highlights of Peel’s financial condition include:

The Region has maintained AAA credit rating by S&P and Moody’s

The 2017 Focus GTA survey indicates that 75 per cent of residents consider the programs and services offered by the Region are good value for their tax dollars

The Region is on track with 9 of 12 targets and is taking action to mitigate potential longer term risks ensuring continued financial health

The Region of Peel works with residents and partners to create a healthy, safe and connected community for life for more than 1.4 million people and approximately 163,000 businesses in the cities of Brampton and Mississauga and the Town of Caledon. Peel's services touch the lives of residents every day. For more information about the Region of Peel, explore peelregion.ca and follow us on Twitter at @regionofpeel.